Have you simply forgotten the last 50 FAIRTAX threads? Have you forgotten Jorgenson's disavowal of the FAIRTAX org's numbers? Are you a paid shill of any FAIRTAX advocacy group?
Have you forgotten Jorgenson's disavowal of the FAIRTAX org's numbers?
You mean the same Jorgenson that assumes that businesses can steal tax withholding from its employees and do whatever it will with it as a simplifying implementation in his models?
The same Jorgenson that fails to include any reductions for tax related overhead costs on businesses with the repeal of income an payroll taxes in his simplified models?
The same Jorgenson that finds there is no loss of purchasing power for the consumer but finds instead a 3-10% increase in the purchasing power of the dollar even under the extreme conditions of replacing an income tax with the above simplifying assumptions in place?
The only thing Jorgenson had to say was his model shows that takehome pay does not decrease in noting that real wages will generally rise with increased productivity and economic efficiencies derived from repeal of the income tax and going to a retail sales tax.
You are referring to the the same Jorgenson that finds that GDP will grow by 10% in the first year,
private savings and investment would increase by over 70%,
U.S. exports would increase over 26% closing the trade gap,
U.S. production would rise at least 20% in most industries,
All obviously factors that provide increasing demand for labor (and consequently supporting wages) significantly, are you not?
Are you a paid shill of any FAIRTAX advocacy group?
Are you a paid disrupter in behalf of any Flat Tax or other Income Tax supporting group? You certainly act like one.
What HAVE you been (are?) you been drinking/smoking/ingesting??? You're wrong on all counts.
Get a life!